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HOME > NEWS > Investor News > Caesars CFO leaving post to join NV Energy

Caesars CFO leaving post to join NV Energy

31 May 2012

By Howard Stutz and Jennifer Robison

Caesars Entertainment Inc. Chief Financial Officer Jonathan Halkyard is leaving the company to join local power utility NV Energy.

Caesars and NV Energy made separate statements Wednesday announcing Halkyard's job change.

In a statement, Caesars said Halkyard was leaving to "pursue an opportunity outside of the gaming industry." The casino operator didn't identify Halkyard's new position.

Moments later, NV Energy said in a statement that Halkyard would join the utility as chief financial officer and executive vice president.

Halkyard replaces Dilek Samil, who was promoted from NV Energy's senior vice president, treasurer and chief financial officer to executive vice president and chief operating officer.

"We have transformed NV Energy over the last decade and we are reshaping our organization to match the direction we're taking in coming years," said Michael Yackira, NV Energy's president and CEO.

"Dilek's leadership within the company and her prior experience in operations made her a great fit for this new position. With Jonathan, we are adding a proven finance leader with extensive involvement in the Southern Nevada community," he added.

Caesars executives said the company has begun a search for Halkyard's replacement. On an interim basis, other members of the company's senior management team, including Chairman and CEO Gary Loveman, will assume Halkyard's responsibilities.

Loveman said Halkyard played an important role in managing the company's financial position and in Caesars' recent initial public stock offering.

"We have an experienced team of senior leaders who will oversee the finance functions and ensure that we maintain our momentum as we execute on our growth plans," Loveman said.

 
Howard Stutz
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